Yes, from today`s session it`s clear - the market will be pulled down. Moreover, the way market has moved up in last couple of of session is not sustainable. Specifically, Banking sector just out performed on the hope of RBI will cut CRR. A major correction is on cards. This rally is due to huge liquidity in the market, not bull rally because noting fundamentally changed in last one month.

The trend is still up so it is likely that Sensex would break 17500 tomorrow or thereafter soon. However the choppiness in today`s trend is an alarm that market is tiring so we maintain our view that expect pretty rough ride. However as long as Nifty stays above 5200, the best bet is to assume that trend is up and stay long.

The Nifty had almost gained about 50 points somewhere midway in today`s trading but then dipped to the zero level, and then again picked up and ended 33 points higher than yesterday`s closing. A few banking stocks nonetheless did well, like SBI picked up a gain of Rs. 25 , the BOI a RS. 27.82 gain, the BOB RS. 17.00, Canara bank also gained Rs. 17.00. But ICICI Bank lost Rs. 16.00 , HDFC also lost Re. 1.00 and Federal Bank lost Rs. 5.00. Once again some people were foolishly utpo pushing up the prices of the junk stocks in chop shops owned by bailed out European groups, as a result of which the markets once again got into a frustrated mood and then dipped. With the result that there will be a dip in the Nifty in tomorrow`s trading by some 50 points? Poeple do not seem to be getting to know the meaning of what it is to be a bailed out group? A bailed out group is one which has incurred huge losses due to reckless lending and the government concerned had to pay in large sums of taxpayers’ money to salvage the institution from collapse or total failure. Naturally, the government imposes all types of austerity conditions on the bailed out institutions like - no lending for a certain period of time, no lending beyond a certain limit, no lending to certain category of borrowers, etc., The same conditions apply to the chop shops being run here in India. Now, do we really need such chop shops here? That`s not even a moot point or a debatable issue. The answer is a plain \"No\"! Then why should we tolerate such entities here?

The same rally is expected to continue for this whole of the week, sensex and nifty to break new levels.

Will Sensex break 17500 tomorrow?